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Oct 9, 2011
10/11
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as the economy transitions from this older industrial economy to this newer more knowledge driven, also resource driven. what you see is that structural transformation chrystia and ken talked about imprinted on america's geography. places that are way out on the coast that had economies in the sunbelt built up on the housing boom and credit bubble, las vegas, riverside, california, even places in arizona like yuma over 30% and those old manufacturing centers like detroit, tragically, 15%, in the city the mayor said it could be as high as 50%. you have this other thing going on where college towns next to detroit like ann arbor have low unemployment, medical centers, education technology, boulder, colorado, down in florida, gainesville as well. the knowledge centers of the country, washington, d.c. performing very well. then what's really striking is the plains, bismarck, fargo, lincoln, omaha, nebraska, oklahoma city, that belt. you have this new geography of america where some places almost don't feel the recession and others have been whacked with long run structural unemployment and
as the economy transitions from this older industrial economy to this newer more knowledge driven, also resource driven. what you see is that structural transformation chrystia and ken talked about imprinted on america's geography. places that are way out on the coast that had economies in the sunbelt built up on the housing boom and credit bubble, las vegas, riverside, california, even places in arizona like yuma over 30% and those old manufacturing centers like detroit, tragically, 15%, in...
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Jun 1, 2013
06/13
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. >>> in 2012 republicans attacked the so-called obama economy, but now the economy is rewriting that script. i'm christine romans. this is "your money." ap phone records, irs targeting conservative groups, talking points on benghazi, that's the conversation in washington but the economy is stronger than the d.c. talk is letting on. >> there's a lot of reasons for to us feel optimistic about where we're headed as a country. >> obama's economy, the sequel. today, stocks are soaring to record highs, home prices are rising, the unemployment rate is falling, and your confidence in this economy is the highest it's been in five years, but none of that was in the republicans' script for this movie in the run-up to the 2012 election they promised a horror show. >> obamanomics is not working. >> under the president's policies middle income americans are being buried, crushed. >> reporter: voters bought a ticket for another four years of the president's policies but now an improving economy is the background music in washington and the plot line has turned to other controversies. >> my question
. >>> in 2012 republicans attacked the so-called obama economy, but now the economy is rewriting that script. i'm christine romans. this is "your money." ap phone records, irs targeting conservative groups, talking points on benghazi, that's the conversation in washington but the economy is stronger than the d.c. talk is letting on. >> there's a lot of reasons for to us feel optimistic about where we're headed as a country. >> obama's economy, the sequel. today,...
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Jun 22, 2013
06/13
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a growing economy. the idea that a lot of excess money will flow into the market, of course, scares -- that it will stop happening scares market participants. >> another surprise out of the news conference, moving the goalpost. when the jobless rate hit 7% the fed will likely pull back. we're at 7.6%. explain how lower unemployment could lead to negative results for the market. >> well, it's one of these things where if things go up too fast in terms of the economy then the market participants, in particular those institutions who have now become reliant on monetary policy to drive stocks they may force mr. bernanke to become more aggressive and take the pedal off and put pressure off the pedal and start to taper a little bit. faster. i think that's what most people are worried. we think it's nonsense. fundamentals drive stocks and we're in the mid of a grand transition from dependency on monetary policy to dependency onfuls and we think there's volatility along the way. >> you might be right. volatilit
a growing economy. the idea that a lot of excess money will flow into the market, of course, scares -- that it will stop happening scares market participants. >> another surprise out of the news conference, moving the goalpost. when the jobless rate hit 7% the fed will likely pull back. we're at 7.6%. explain how lower unemployment could lead to negative results for the market. >> well, it's one of these things where if things go up too fast in terms of the economy then the market...
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Jun 21, 2016
06/16
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and it would shrink our economy significantly. some economists actually argue that just this policy alone would send us into a trump recession. so instead of causing large scale misery and shrinking our economy, we should pass sensible immigration reform with a path to citizenship. because the youth -- [ applause ] -- the youth and diversity of our workforce is one of our greatest assets. most of the rest of the world that we compete with is aging. so by staying, you know, younger and fresher with talents that can be put to work, we're actually going to be in a stronger economic position in the next decades. we've always been a country where people born elsewhere could work hard, start businesses, and contribute to our growth. that makes us stronger and more prosperous. and then there's trade. i believe we can compete and win in the global economy. to do that, we should renegotiate trade deals that aren't working for americans and reject any agreements like the transpacific partnership that don't meet my high bar for raising wages
and it would shrink our economy significantly. some economists actually argue that just this policy alone would send us into a trump recession. so instead of causing large scale misery and shrinking our economy, we should pass sensible immigration reform with a path to citizenship. because the youth -- [ applause ] -- the youth and diversity of our workforce is one of our greatest assets. most of the rest of the world that we compete with is aging. so by staying, you know, younger and fresher...
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Jan 13, 2014
01/14
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it's not the obama economy, it's the obstruction economy. at what point will you find something you can work with this president on. it seems to me people are just waiting him out. >> there are bipartisan things that republicans and democrats agree and one is the pipeline. the president looked me in the eye and said by january 1st i'll make a decision and you will know what it is. republicans and democrats overwhelmingly support this. he has done nothing. republicans and democrats agree with repealing the health -- the tax on medical devices. republicans and democrats agree on sanctions against iran. these are being blocked from votes in the united states senate. but what we're seeing are additional regulations coming out of this president that are making it harder and more expensive for the private sector to put people to work which is why the polling shows -- >> so what's wrong with america is president obama, is that right, senator cardin? >> and every opportunity you've had, the republicans have had, they've tried to block this administr
it's not the obama economy, it's the obstruction economy. at what point will you find something you can work with this president on. it seems to me people are just waiting him out. >> there are bipartisan things that republicans and democrats agree and one is the pipeline. the president looked me in the eye and said by january 1st i'll make a decision and you will know what it is. republicans and democrats overwhelmingly support this. he has done nothing. republicans and democrats agree...
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Aug 23, 2019
08/19
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>> so, presidents generally get too much credit when the economy is good, too much blame when the economy is bad. they can affect things on the margin. and i would argue that the things that he's done that he attributes to -- that he has used to explain why the economy has been growing are basically overstated. right. we had again, a temporary fiscal stimulus from his tax cuts that is now fading. to the extent that he's having an effect on the economy now, it's the uncertainty he's creating through these tariffs. he can't control the nine other economies right now that are in recession or on the verge of recession. that doesn't help us. china's slow down doesn't help us. but we're not helping china either by trying to make them suffer more. so he is affecting things on the margin mostly through consumer confidence -- business confidence. >> we have to leave it there. catherine, appreciate it. david, quickly, final thought? >> i disagree obviously. voluminous amount of red tape and regulations in washington gave businesses a great deal of confidence to invest and expand. and the tax cuts d
>> so, presidents generally get too much credit when the economy is good, too much blame when the economy is bad. they can affect things on the margin. and i would argue that the things that he's done that he attributes to -- that he has used to explain why the economy has been growing are basically overstated. right. we had again, a temporary fiscal stimulus from his tax cuts that is now fading. to the extent that he's having an effect on the economy now, it's the uncertainty he's...
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Aug 2, 2011
08/11
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and break the economy. we cannot support the kinds of deficits that we have incurred, and there is no question about that. and any frankly, any reasonable economist would say that. >> gentlemen, thank you both very much. co >>> coming up, what the $2.4 trillion deal means to you. dave ramsey is here to explain. p here for the view up in alaska. it's the cleanest, clearest water. we find the best, sweetest crab for red lobster we can find. yeah! [ male announcer ] hurry in to crabfest at red lobster. the only time you can savor three sweet alaskan crab entrees all under $20, like our hearty crab and roasted garlic seafood bake or snow crab and crab butter shrimp. [ jon ] i wouldn't put it on my table at home, i wouldn't bring it in. my name's jon forsythe, and i sea food differently. i don't know. the usual? [ blower whirring ] sometimes it pays to switch things up. my - what, my hair? no. car insurance. i switched to progressive and they gave me discounts for the time i spent with my old company. saved a bu
and break the economy. we cannot support the kinds of deficits that we have incurred, and there is no question about that. and any frankly, any reasonable economist would say that. >> gentlemen, thank you both very much. co >>> coming up, what the $2.4 trillion deal means to you. dave ramsey is here to explain. p here for the view up in alaska. it's the cleanest, clearest water. we find the best, sweetest crab for red lobster we can find. yeah! [ male announcer ] hurry in to...
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Nov 17, 2012
11/12
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the eu economy, as you know, ali, is larger than the u.s. economy. so i think what's going to happen is president obama is going to watch very anxiously because as you say it does have a huge impact. i don't think there is much he can do about it. >> that's why they don't talk about it much. in europe, we're mostly worried about the economy. the foreign policy issues are not as serious n china, there are a number of issues. one are the economic issues that i talked about. low wages, currency, manipulation and intellectual property theft and those thins. then there is the other issue which is the china and u.s. do not see eye-to-eye on the other issues that the world is facing right now. >> you're exactly right. the economic issues, i think fundamentally can be dealt w i think that as often happens when you deal with trade related things in a campaign, everything that is said during the campaign about a mern presidential campaign should be thrown into the garbage can. >> the chinese probably understand that. >> one hopes that the chinese are sophistic
the eu economy, as you know, ali, is larger than the u.s. economy. so i think what's going to happen is president obama is going to watch very anxiously because as you say it does have a huge impact. i don't think there is much he can do about it. >> that's why they don't talk about it much. in europe, we're mostly worried about the economy. the foreign policy issues are not as serious n china, there are a number of issues. one are the economic issues that i talked about. low wages,...
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Jun 5, 2011
06/11
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now -- >> can the economy improve? >> can the economy improve? i think it can. i think the mistake -- it would be a mistake to try to roll back the clock and go back to the expansion of the 2000s, which was driven almost exclusively by excessive consumer spending and residential housing construction. those can be important, but they should not be the sole drivers the way they were in the 2000s. >> austan goolsbee, the president's top economic advisor. thank you. >> great to see you again. >>> when we come back, the debate in washington is focused on debt reduction but should it be job creation? opposing views from alice rivlin and douglas holtz-eakin. [ cherie ] i always had a job, ever since i was fourteen. i could not make working and going to school work. it was not until the university of phoenix that i was able to work full-time, be a mom, and go to school. the opportunities that i had at the university of phoenix, dealing with professionals teaching things that they were doing everyday, got me to where i am today. i'm mayor cherie wood, i'm responsible for
now -- >> can the economy improve? >> can the economy improve? i think it can. i think the mistake -- it would be a mistake to try to roll back the clock and go back to the expansion of the 2000s, which was driven almost exclusively by excessive consumer spending and residential housing construction. those can be important, but they should not be the sole drivers the way they were in the 2000s. >> austan goolsbee, the president's top economic advisor. thank you. >> great...
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Aug 20, 2019
08/19
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. >> we talk about the economy -- katherine, how often have you been here talking about the economy? >> quite frequenly. >> the president says they're blaming the media, they're blaming the fed chair jerome pyle, they're blaming everybody. >> when obama was president and the economic indicators were good, trump said they were fake. then trump became president. he inherited basically the exact same economic indicators, then they were real. remember, sean spicer went up on that podium and he said, they might have been phony before, but they're very real now. now that the numbers are going south again, of course they're fake. this would be like the most amazing conspiracy, right? this would rival the luminoti if, in fact, these numbers were fake, because it's not just the trade wars causing problem fs f the u.s. economy, there are now nine major economies in the world that are either in recession or on the verge of recession. so are all their statisticians part of this conspiracy, too? are they faking the data? when trump sends his white house aides on tv and they pretend these numbers
. >> we talk about the economy -- katherine, how often have you been here talking about the economy? >> quite frequenly. >> the president says they're blaming the media, they're blaming the fed chair jerome pyle, they're blaming everybody. >> when obama was president and the economic indicators were good, trump said they were fake. then trump became president. he inherited basically the exact same economic indicators, then they were real. remember, sean spicer went up on...
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Apr 7, 2013
04/13
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economy has been picking up speed. economists are raising their forecasts for first quarter economic performance. many now think that gdp grew 3%. or more. some even say 4% growth is a possibility. i don't think either of us believe that. the stock market has been on fire. housing is rebounding in the united states. there's real money to be made. real wealth to be built. but there are challenges, richard. a paltry 88,000 jobs were added. we just found that out in march, this friday. it's not nearly enough. europe, where you are, deep recession. asia has been slowing down. political dysfunction in washington remains a dark cloud over long-term growth. richard -- yes, richard? >> are you going to get on with this or what? >> i'm about to. it seems that the u.s. is in a fork in the road to recovery, it could take off or stumble badly, so here, richard, as you have waited so patiently for, is the question. what are you most optimistic about and what are you most concerned about? let me see, who should go first? i'm going t
economy has been picking up speed. economists are raising their forecasts for first quarter economic performance. many now think that gdp grew 3%. or more. some even say 4% growth is a possibility. i don't think either of us believe that. the stock market has been on fire. housing is rebounding in the united states. there's real money to be made. real wealth to be built. but there are challenges, richard. a paltry 88,000 jobs were added. we just found that out in march, this friday. it's not...
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Nov 2, 2018
11/18
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in a large part because the economy is doing well. republicans are doing less and they lose the house by a bigger margin. the reason why they are having these problems right now and in a lot of pays, the president is trampling his own message and these same voters, college educated white voters don't like this cultural stuff. >> and particularly women. >> i think again this used to be the calling cart. good government, too. >> what i'm about to play, is this legitimate or a cop out. on television this morning, saying sure, low unemployment and growth numbers are great, but people don't process what they mean because they are just numbers. >> it's sort of hard to take the numbers and the numbers are fabulous and turn them into stories that make sense for ordinary folks. inflation is low and they are numbers. >> they are not numbers. they are people's lives. if you understand anything in your life and especially if you are a hardworking two or three-job american, you understand your pocket book and finances. are you better off today tha
in a large part because the economy is doing well. republicans are doing less and they lose the house by a bigger margin. the reason why they are having these problems right now and in a lot of pays, the president is trampling his own message and these same voters, college educated white voters don't like this cultural stuff. >> and particularly women. >> i think again this used to be the calling cart. good government, too. >> what i'm about to play, is this legitimate or a...
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Aug 2, 2011
08/11
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and break the economy. we cannot support the kinds of deficits that we have incurred, and there is no question about that. and any frankly, any reasonable economist would say that. >> gentlemen, thank you both very much >>> coming up, what the $2.4 trillion deal means to you. dave ramsey is here to explain. ♪ ♪ ♪ when you're resonsible for this much of the team, you need a car you can count on. ♪ but it's our job to make them say something interesting. so how about this weekend we learn some new tricks of the trade... then break out our doing clothes and get rolling. let's use some paint that helps us get the job done in record time and makes a statement when we're finished. we're lowering the cost of a new favorite color. more saving. more doing. that's the power of the home depot. take your painting skills to the next level at one of our free paint workshops. but it's not always easy. at regions, we have the tools and expertise to really help you find your balance. like the freedom to access and m
and break the economy. we cannot support the kinds of deficits that we have incurred, and there is no question about that. and any frankly, any reasonable economist would say that. >> gentlemen, thank you both very much >>> coming up, what the $2.4 trillion deal means to you. dave ramsey is here to explain. ♪ ♪ ♪ when you're resonsible for this much of the team, you need a car you can count on. ♪ but it's our job to make them say something interesting. so how about this...
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Jun 17, 2012
06/12
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economy. the u.s. economy is driven about it confidence of its citizens. the customer in this case is the american consumer and is always right. they think things are slowing down, it will welcome self-fulfilling because they'll stop spending. businesses stop hiring. and the economy could grind to a halt. let me tell what you i'm talking about. here's the good news. we had 20 straight months of job growth in the united states. the pace of that growth is slowing. the last five months, there have been fewer jobs created each month than were created than in the month before. but jobs are being created, not lost. so that should make people feel better, not worse. let's talk about your homes. a lot of your equity is there. the home prices in the united states are probably at or near their bottom. the so-called shadow inventory of homes is lower. foreclosures are up. but those are a new wave of foreclosures from the signing scald, robo. we're probably near the end of this thing. fewer homes, less inventory makes it a good time to buy. if you're buying a home, at
economy. the u.s. economy is driven about it confidence of its citizens. the customer in this case is the american consumer and is always right. they think things are slowing down, it will welcome self-fulfilling because they'll stop spending. businesses stop hiring. and the economy could grind to a halt. let me tell what you i'm talking about. here's the good news. we had 20 straight months of job growth in the united states. the pace of that growth is slowing. the last five months, there have...
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Sep 8, 2012
09/12
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the economy was in freefall. doesn't the president deserve credit for putting a floor under that collapse? >> well, i think that the point is that, you know, really we could start with a couple of 4 3 3s and i kind of agree with the are you better off question, in the sense as patriots we should ask is our country better off than it was four years ago and there are so many disturbing statistics that you highlight often in your show, a couple of 43s. 43 million americans on food stamps, we've had 43 months of unemployment above 8%, and i think that their identifiable problems right now that could be fixed if we pursued good policies. that's what governor romney is saying. president obama is kind of out of ideas, not telling us where we're going to go from here so i think if you want to be better off four years from now he's not presenting a very good story for why, but i think that governor romney is. i agree it was a very difficult time that got president obama elected but i think if it was a great time then he p
the economy was in freefall. doesn't the president deserve credit for putting a floor under that collapse? >> well, i think that the point is that, you know, really we could start with a couple of 4 3 3s and i kind of agree with the are you better off question, in the sense as patriots we should ask is our country better off than it was four years ago and there are so many disturbing statistics that you highlight often in your show, a couple of 43s. 43 million americans on food stamps,...
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Sep 4, 2011
09/11
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they have a high-wage economy. they continue to produce things that they can export around the world. what we've done here is we've given up in many instances. we have bad trade laws, we have tax laws that reward people for moving jobs overseas. if we'd focus on manufacturing here and all of us coming together, labor, government and business and business and labor all working together, we can compete with anybody in the world because if you don't compete, if you don't manufacture things, ali, you can't compete in the global economy. remember, where the manufacturing goes, so does the research and development. all the new cutting-edge products will be moved overseas rather than here because they haven't focused on manufacturing. >> ultimately and we've seen that happen. what is it we're likely to manufacture here in the united states that can be made into products that can be sold competitively around the world? >> we can make anything here. we can compete against anybody in the world if you give us a level playing
they have a high-wage economy. they continue to produce things that they can export around the world. what we've done here is we've given up in many instances. we have bad trade laws, we have tax laws that reward people for moving jobs overseas. if we'd focus on manufacturing here and all of us coming together, labor, government and business and business and labor all working together, we can compete with anybody in the world because if you don't compete, if you don't manufacture things, ali,...
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May 3, 2019
05/19
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jackie, do you see this now becoming, in looking at, with the economy, the economy is the economy, but the economy is always politics or always bleeds into the political realm. is this becoming an issue that democrats cannot run on? yes, presidents get more credit and more blame than they're likely due, but it's two years in and for all intents and purposes politically speaking, it's trump's economy. what are you hearing? >> democrats, what you're hearing them talk about on the trail is not the economy, it's health care. because of what the trump administration is doing by trying to undermine the affordable care act. but you know, they also in president trump have someone who is his own worst enemy when it comes to messaging. if he just talked about the economy for the next two years, we would be looking probably at a very different race. and i'm going to take you down memory lane. really quickly, to prove this. so right before the senate was going to start their hearings to impeach president clinton, americans were saying they didn't -- they didn't trust him, they thought he committed
jackie, do you see this now becoming, in looking at, with the economy, the economy is the economy, but the economy is always politics or always bleeds into the political realm. is this becoming an issue that democrats cannot run on? yes, presidents get more credit and more blame than they're likely due, but it's two years in and for all intents and purposes politically speaking, it's trump's economy. what are you hearing? >> democrats, what you're hearing them talk about on the trail is...
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Dec 29, 2012
12/12
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let's look at the economy. obviously across-the-board tax increases would hurt the economy, but what would the real economic reaction be to small tax increases on the wealthiest americans? now, annie lowry of "the new york times" is still with us. i have to make sure my viewers understand i am not advocating for tax increases on the rich. gene is a senior writer. kevin haas, senior director at the american enterprise institute, the author of much of mitt romney's economic policy, a good friend of the show. gene, let me start with you. tax increases on people making more than $250,000 a year. use that as a number. might be $400,000, half a million, a million. take $250,000. if you increase taxes, the marginal tax rate from 35% to 39.6% on that group of people, does it hurt the economy? >> well, i'm going to use estimates from the congressional budget office, which is a nonpartisan scorekeeper for congress. they found if you let those bush tax cuts on high-income folks expire at that level it would not boost the
let's look at the economy. obviously across-the-board tax increases would hurt the economy, but what would the real economic reaction be to small tax increases on the wealthiest americans? now, annie lowry of "the new york times" is still with us. i have to make sure my viewers understand i am not advocating for tax increases on the rich. gene is a senior writer. kevin haas, senior director at the american enterprise institute, the author of much of mitt romney's economic policy, a...
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Sep 2, 2012
09/12
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economy. i'm ali velshi. welcome to "your money." for starters, the u.s. economy is barely growing. this is about gdp. gross domestic product is important. it is the broadest measure of the value of everything we produce as an economy, and as those bars go up, we feel better. now this week we learned that in april, may and june the u.s. economy grew at a rate of just 1.7%. that means as an economy, we produced 1.7% more value than we did in the same period a year ago. that and $4 wi get you a cup of coffee because what that doesn't tell you or me is how americans are feeling about the economy and how your feeling decides whether or not this economy is going to get weaker or stronger. so i have compiled some numbers on the five economic indicators that have the greatest effect on you. think about this as the real feel of the economy. can you read about it in-depth in my column in the current issue of money magazine but i'm going to give you the cliffnotes right now. i've used government numbers from the past 30 years to score economic performance in that time between 1 and 10. 1 indi
economy. i'm ali velshi. welcome to "your money." for starters, the u.s. economy is barely growing. this is about gdp. gross domestic product is important. it is the broadest measure of the value of everything we produce as an economy, and as those bars go up, we feel better. now this week we learned that in april, may and june the u.s. economy grew at a rate of just 1.7%. that means as an economy, we produced 1.7% more value than we did in the same period a year ago. that and $4 wi...
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Jul 8, 2012
07/12
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let's straighten out this economy thing. i want to have you all tell me the most worry somethithat we g of the economics job report and say, okay, we can survive this. start with you. >> 80,000 jobs is pretty disappointing. if we stick at 80,000 and that is the reality of what is going on, unemployment will rise and we have 8.2% unemployment and that is worrisome aspect of the report. there were some things positive, hours worked increased. businesses will ask workers to work longer hours before they hire. >> that is a precursor to new jobs. >> yes. and any pickup of activity will translate into more jobs, and we got a big increase in wages which is encouraging. i noticed that wage growth had been slowing, but it is not the case. it is solid. >> and douglas? >> well, those points are right. one of the disappointing characteristics of the recovery has not been just the jobs, but the lack of income growth, and that has hurt the households to spend and strength of wages is a very important part of the report. the troubling issu
let's straighten out this economy thing. i want to have you all tell me the most worry somethithat we g of the economics job report and say, okay, we can survive this. start with you. >> 80,000 jobs is pretty disappointing. if we stick at 80,000 and that is the reality of what is going on, unemployment will rise and we have 8.2% unemployment and that is worrisome aspect of the report. there were some things positive, hours worked increased. businesses will ask workers to work longer hours...
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Dec 1, 2020
12/20
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economy. she will talk about that as well. of course, all of the nominees we're about to see on stage will require senate confirmation, and that's an open question for at least one of them at this point. that is neera tanden. she's nominated to lead office of management and budget, a critical role in any white house. and republican senators have already voiced objections to her saying she will not be confirmed. we'll see what the balance of power is in the senate. that of course is dependent on those georgia senate runoffs. for now, at least, brianna, we're going to see a different economic world view, more focused on workers, on the labor idea of the economy rather than tax cuts and regulation cuts. that is something that will be much different. really, we are a week after presentation of the national security team where we saw a starkly different world view with america first. we're going to see that today on the economic front with a very, very different view of how the biden team views the
economy. she will talk about that as well. of course, all of the nominees we're about to see on stage will require senate confirmation, and that's an open question for at least one of them at this point. that is neera tanden. she's nominated to lead office of management and budget, a critical role in any white house. and republican senators have already voiced objections to her saying she will not be confirmed. we'll see what the balance of power is in the senate. that of course is dependent on...
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Aug 19, 2019
08/19
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at the same time president trump is dismissing concerns about the economy saying our economy is very strong despite the tremendous lack of vision by jay powell and the fed that the democrats are trying to will the economy to be bad for the purposes of the 2020 election. how does this all impact the 2020 race? outfront now rick santorum and former democratic governor of michigan. thanks for being here. if the white house is discussing a payroll tax cut, how do you square that with really the glowing statements on the economy and the basically complete dismissile of concerns about that very same economy we're hearing from the white house? >> i think the president understands that we've had a very strong economy for the last few years and has picked up since the obama administration and has done positive things like regulatory cuts and tax cuts. but there are signs and he admitted today that this war that he's engaged in with china, it's a battle that's having an impact. it's creating uncertainty in the markets and business investment and is probably knocking off a couple of 10ths of a
at the same time president trump is dismissing concerns about the economy saying our economy is very strong despite the tremendous lack of vision by jay powell and the fed that the democrats are trying to will the economy to be bad for the purposes of the 2020 election. how does this all impact the 2020 race? outfront now rick santorum and former democratic governor of michigan. thanks for being here. if the white house is discussing a payroll tax cut, how do you square that with really the...
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Nov 25, 2017
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how you perceive the economy. another reflection of the red state/blue state phenomena, that people red staters are much more optimistic that those in the blue states. >> well i think you know, scott talked about talking the economy up. i think there's one thing i learned as a speech writer in the white house it's that actions speak louder than words. if you look at democrats right now, there's a real fear. people remember what it was like in the bush years when we passed huge irresponsible tax cuts. we were promised growth forever. instead we got a recession and now we're looking at more huge irresponsible tax cuts. some of the pessimism that i think a lot of my fellow democrats feel is not about the state of the economy today. it's about passing a tax bill just as one example, that even "forbes" magazine said could lead to an economic crisis. that does make people more pessimistic. and frankly, i think it should. >> scott, react to that. >> well, the thing with the economy is that for most people, the economy is
how you perceive the economy. another reflection of the red state/blue state phenomena, that people red staters are much more optimistic that those in the blue states. >> well i think you know, scott talked about talking the economy up. i think there's one thing i learned as a speech writer in the white house it's that actions speak louder than words. if you look at democrats right now, there's a real fear. people remember what it was like in the bush years when we passed huge...
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Jul 3, 2011
07/11
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economy is going to do well. year worried about some parts of the global economy. how do i tap into those places that are really growing? >> you want to buy an emerging markets fund. if you look at the numbers what is going on in asia and parts of latin america, it's a powerful story. the transfer of wealth, the growth of the middle class, they are where we were in the 1950s. so you would buy something like the lazard emerging markets fund. for some reason they're not accepting money, you buy their emerging markets blend fund. either one of those are good. they are a cadillac of emerging markets investing. and they do their research. they're in the good geographies, in the good companies. and the growth in the emerging markets is powerful. it's long-term. and they're trading among themselves. >> when you say like we were, their consumer consumption is still high in a lot of these places? >> we have a lot of debt at the consumer level and the federal level. they are growing their wealth. they have high savings. they're now buying toothpaste and technology and comput
economy is going to do well. year worried about some parts of the global economy. how do i tap into those places that are really growing? >> you want to buy an emerging markets fund. if you look at the numbers what is going on in asia and parts of latin america, it's a powerful story. the transfer of wealth, the growth of the middle class, they are where we were in the 1950s. so you would buy something like the lazard emerging markets fund. for some reason they're not accepting money, you...
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Nov 22, 2021
11/21
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we've gone from an economy that was shut down to an economy as leading the world in economic growth. we've gone from small businesses being shuttered to a record number of new small businesses starting up, around we've gone from a devastating job destruction to record new job creation. don't get me wrong. we still have a long way to go to fully recover from all the pain and destruction caused by the pandemic, and we're still dealing with the difficult challenges and complications caused by covid-19 that are driving up costs for american families. i know for a lot of americans things are still very hard, very hard, but if you look at all the facts, all of the facts, you can only come to one conclusion. we've made enormous progress in this country. first and foremost, our economy is creating jobs, lots of jobs. in fact, we've seen a record new job growth in america this year, 5.6 million jobs just since i was sworn in on january the 20. more jobs created at this point in a new presidency than ever before in american history. we have seen a dramatic drop in the unemployment rail. from a
we've gone from an economy that was shut down to an economy as leading the world in economic growth. we've gone from small businesses being shuttered to a record number of new small businesses starting up, around we've gone from a devastating job destruction to record new job creation. don't get me wrong. we still have a long way to go to fully recover from all the pain and destruction caused by the pandemic, and we're still dealing with the difficult challenges and complications caused by...
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Feb 5, 2018
02/18
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to an old style manufacturing economy, but we need to move away from an economy that's based on debt to one that is based on higher wages and can cope with that. there are other economies that do this, germany is one of them. but that's a transition that we're still trying to make. i think that politicians on both sides are going to try to own the solutions to that issue. >> the fed is in a very tricky position today. janet yellen's last meeting, no move. everybody is expecting a move in march. they will take note of the market concerns. and if they feel a confidence issue, there's a variety of things they could do. they may be out of bullets in terms of lowering interest rates. they have 1% they can play with. they still have qe they can restart. before they get to anything like that, they'll jawbone the market. they'll use inflationary expectations and interest rate expectations and jawbone the market over the next month. >> explain jawbone. >> well, basically put out statements. the statement at the next meeting will talk about what they are prepared to do. the statement at the ne
to an old style manufacturing economy, but we need to move away from an economy that's based on debt to one that is based on higher wages and can cope with that. there are other economies that do this, germany is one of them. but that's a transition that we're still trying to make. i think that politicians on both sides are going to try to own the solutions to that issue. >> the fed is in a very tricky position today. janet yellen's last meeting, no move. everybody is expecting a move in...
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Sep 17, 2011
09/11
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still feels like the economy is bad. perception does matter in politics, sometimes stronger than reality. >> nice to see you. thank you. >>> the president wants money to create jobs. congressional republicans are hardly ready to sign the checks. this is web-based trading, re-visualized. streaming, real-time quotes. earnings analysis. probability analysis: that's what opportunity looks like. it's all visual. intuitive. and it's available free, wherever the web is. this is how trade strategies are built. tradearchitect. only from td ameritrade. welcome to better trade commission free for 60 days when you open an account. i tell you what i can spend. i do my best to make it work. i'm back on the road safely. and i saved you money on brakes. that's personal pricing. >>> president obama wants his american jobs act passed on the hill. he'll need support from republicans in congress to get that done. that has the president questioning the intentions of some on the right. >> they supported this stuff in the past. but they are th
still feels like the economy is bad. perception does matter in politics, sometimes stronger than reality. >> nice to see you. thank you. >>> the president wants money to create jobs. congressional republicans are hardly ready to sign the checks. this is web-based trading, re-visualized. streaming, real-time quotes. earnings analysis. probability analysis: that's what opportunity looks like. it's all visual. intuitive. and it's available free, wherever the web is. this is how...
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Aug 21, 2019
08/19
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fantastically, he says the economy is doing. is that the reality? the best economy ever, he says. is that the reality? some facts. let's look at it in context, okay? "the washington post" laid it out pretty well. you can go google it if you want to get it more in depth. when it comes to job growth, although the trump economy has certainly seen gains it hasn't topped the number of jobs added during the obama era in 2014 and 2015. unemployment dropping. no reason to question it. but it is a companying trend. it began under obama in the most recent cycle, 2011. gdp, gross domestic product, good indicator of how you're doing in-house. i want you to take a look at where trump lands among presidential brethren. he says it's the strongest economy in history. i know what i'm going to hear from brother moore in a second that that's just hyperbole, but your words matter, especially round election time. if you look at those bar graphs, do me a favor, put it up again. it's better than my face. certainly more informative. you can say he hasn't finished yet. these could be the salad days and th
fantastically, he says the economy is doing. is that the reality? the best economy ever, he says. is that the reality? some facts. let's look at it in context, okay? "the washington post" laid it out pretty well. you can go google it if you want to get it more in depth. when it comes to job growth, although the trump economy has certainly seen gains it hasn't topped the number of jobs added during the obama era in 2014 and 2015. unemployment dropping. no reason to question it. but it...
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Aug 24, 2015
08/15
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economy. so there certain will i is -- while we continue to be confident about the longer term trends when it comes to the u.s. economy, we would like to see congress take the kind of common sense steps that would build on that momentum that the u.s. economy continues to enjoy. jeff? >> reporter: josh, following up on that, china's president xi is coming to the white house in september does this topic of the chinese economy and weakness there become a top agenda item for that meeting? >> well, jeff, the economic relationship between the united states and china has long been a priority for our two countries. that's certainly been true while president obama has been in office. i think previous u.s. presidents would say the same thing. that relationship has become more important as we've seen china's economy grow. and the importance of that relationship manifests itself in a variety of ways. it includes intensive discussions we have with with the chinese about protecting property rights. there wi
economy. so there certain will i is -- while we continue to be confident about the longer term trends when it comes to the u.s. economy, we would like to see congress take the kind of common sense steps that would build on that momentum that the u.s. economy continues to enjoy. jeff? >> reporter: josh, following up on that, china's president xi is coming to the white house in september does this topic of the chinese economy and weakness there become a top agenda item for that meeting?...
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Oct 30, 2011
10/11
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. >>> then, the economy through the prism of halloween. with ellen davis of the national retail federation. >> when the economy is suffering, halloween spending soars. >> i'm candy crowley. and this is "state of the union." >>> an economic trifecta thursday boosted the administration and maybe the president's re-election chances, too. new figures show the economy grew by 2.5% in the third quarter, almost double the growth in the previous quarter. and european leaders struck a deal to settle greek debt and bolster the euro. then world markets surged in response. wall street ending thursday up over 300 points. >>> meanwhile, out on the campaign trail, the president tried to reconnect with voters where they are hurting. he launched a spate of initiatives he can execute without congressional approval -- helping homeowners with underwater mortgages, lowering student loan payments, training for veterans to work in the health care industry, and informational tools for small businesses. joining me now, senior campaign strategist for the obama re-e
. >>> then, the economy through the prism of halloween. with ellen davis of the national retail federation. >> when the economy is suffering, halloween spending soars. >> i'm candy crowley. and this is "state of the union." >>> an economic trifecta thursday boosted the administration and maybe the president's re-election chances, too. new figures show the economy grew by 2.5% in the third quarter, almost double the growth in the previous quarter. and...
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May 6, 2012
05/12
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economy still. and where we had cutbacks has been budget cuts on the state and local level and that has hurt. americans have a taste of this belt tightening but nothing like you've seen in europe. the message for u.s. politicians is to do it properly, at the right time, or your electorate will revolt. >> the message may be don't take one extreme or another. the solution may be a little bit of all or a gradual move into austerity. these guys are paying a price for rapid austerity that they didn't care about. we'll take a quick break and look at what you're seeing there is the motorcade taking francois hollande, the newly elected president of france to his headquarters where he'll deliver a speech. two recessions in three years. al goodman from madrid for a look at how spain has been hit by the financial crisis, a country that didn't do it all wrong now half its young people are unemployed. you're watching a special live edition of "your money." stay with us. jen's car wasn't handling well. so i broug
economy still. and where we had cutbacks has been budget cuts on the state and local level and that has hurt. americans have a taste of this belt tightening but nothing like you've seen in europe. the message for u.s. politicians is to do it properly, at the right time, or your electorate will revolt. >> the message may be don't take one extreme or another. the solution may be a little bit of all or a gradual move into austerity. these guys are paying a price for rapid austerity that they...
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Jun 16, 2012
06/12
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i'm going to tell you the truth about the economy. i'll tell what you the candidates aren't telling you about what is and what is not within their power to change. but first, i'll tell you about a storm that's raging in the distance. it's headed to our shores. it's an economic storm. it hasn't hit yet. we're starting to feel the outer bands of it. those who watch me every week know, generally optimist, but i understand the economy. the u.s. economy is driven about it confidence of its citizens. the customer in this case is the american consumer and is always right. they think things are slowing down, it will welcome self-fulfilling because they'll stop spending. businesses stop hiring. and the economy could grind to a halt. let me tell what you i'm talking about. here's got news. we had 20 straight months of job growth in the united states. the pace of that growth is slowing. the last five months, there have been fewer jobs created each month than were created than in the month before. but jobs are being created, not lost. so that sho
i'm going to tell you the truth about the economy. i'll tell what you the candidates aren't telling you about what is and what is not within their power to change. but first, i'll tell you about a storm that's raging in the distance. it's headed to our shores. it's an economic storm. it hasn't hit yet. we're starting to feel the outer bands of it. those who watch me every week know, generally optimist, but i understand the economy. the u.s. economy is driven about it confidence of its citizens....
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Sep 25, 2011
09/11
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this is what the economy needs right now. the question is, if you think the economy's doing okay, i guess you're not going to act. but if you think this economy is far too weak and needs a jump-start -- so we expect there will be an entire vote on the jobs act in september. these are things that generally would not be highly controversial. things that have brought bipartisan support in the past. >> you and the president both understand politics. there will be things in terms of paying for it that the republicans won't agree to. the republicans say we can agree to certain things, including infrastructure bank which is important for creating jobs. so push coming to shove, would you rather take parts of it, or do you have to have the whole of it? >> again, there's any number of hypotheticals in the coming months, but we're going to continue to demand this type of action that is going to have a profound impact on the economy right now aimed squarely at the middle class. so the question really for folks in congress is, do they wan
this is what the economy needs right now. the question is, if you think the economy's doing okay, i guess you're not going to act. but if you think this economy is far too weak and needs a jump-start -- so we expect there will be an entire vote on the jobs act in september. these are things that generally would not be highly controversial. things that have brought bipartisan support in the past. >> you and the president both understand politics. there will be things in terms of paying for...
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Jun 9, 2013
06/13
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muhammad, what is your grade on the economy? >> i would give our economy a b to a b-plus. it's getting better but not fast enough. i would give europe a d. i would give china a b-plus, and the global average is probably around a c, that's why there's a sense of uncertainty out there. >> i give both of you a solid a for this particular broadcast. thanks, guys. muhammad and austin, nice to see you this weekend. >>> coming up, investors couldn't make up their minds this week, but homeowners may need to be more decisive if they want to get in on the record-low mortgage rates. we'll tell you why next. wow, that is mmm... it's so mmm you might not believe it's a hundred calories. yoplait greek 100. it is so good. even in stupid loud places. to prove it, we set up our call center right here... [ chirp ] all good? [ chirp ] getty up. seriously, this is really happening! [ cellphone rings ] hello? it's a giant helicopter ma'am. [ male announcer ] get it done [ chirp ] with the ultra-rugged kyocera torque, only from sprint direct connect. buy one get four free for your business. ove
muhammad, what is your grade on the economy? >> i would give our economy a b to a b-plus. it's getting better but not fast enough. i would give europe a d. i would give china a b-plus, and the global average is probably around a c, that's why there's a sense of uncertainty out there. >> i give both of you a solid a for this particular broadcast. thanks, guys. muhammad and austin, nice to see you this weekend. >>> coming up, investors couldn't make up their minds this week,...
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Jan 30, 2014
01/14
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i think the economy is moving. we've just got to get the republicans out of the way so we can get things moving along. let's talk about giving the american people a raise. amy, over 80% of the american people support giving the american people a raise. $10.10 an hour. are you supportive of that initiative? and if so, what will you do to help the president get this initiative under way? >> well, this is the thing, donna, we're playing political small ball here. why don't we focus on the big issue? and that is putting people back to work. getting the economy going. i disagree with you that the economy's doing good on all these jobs. they're part-time jobs. obama care is the biggest job killer. here you're trying to increase the minimum wage. we're talking about minimums here. why don't we talk about the american dream and opportunity and, you know, put forth some policies that washington, everybody can get behind and businesses will have confidence in washington again and they'll invest in their companies and they'll
i think the economy is moving. we've just got to get the republicans out of the way so we can get things moving along. let's talk about giving the american people a raise. amy, over 80% of the american people support giving the american people a raise. $10.10 an hour. are you supportive of that initiative? and if so, what will you do to help the president get this initiative under way? >> well, this is the thing, donna, we're playing political small ball here. why don't we focus on the...
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May 11, 2013
05/13
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economy. the economy is struggling to grow at barely 2.5%. why the disect? disconnect. >> first of all the money that goes into the stock market terri was talking about is cheap money funneled through institutions, banks, corporations, hedge funds, mutual funds that can take money almost at 0% and funnel it to a place where it can push the market up. that's it. the percentage of u.s. gdp personal wages make up are all time lows. there is no available money for individuals to make ends meet in their homes and in their lives let alone push into a stock market that is being bolstered by policies and cheap money. >> talking about cheap money, steven, the fed pumped $85 billion into the economy every single month. 85 billion. driving the recovery in the stock market, the housing market, haven't seen the same recovery in jobs. won't the slow jobs recovery ultimately be bad news for housing and stocks? >> well, look, first of all, make the case when you have dollar 15,000, unqualified great news for
economy. the economy is struggling to grow at barely 2.5%. why the disect? disconnect. >> first of all the money that goes into the stock market terri was talking about is cheap money funneled through institutions, banks, corporations, hedge funds, mutual funds that can take money almost at 0% and funnel it to a place where it can push the market up. that's it. the percentage of u.s. gdp personal wages make up are all time lows. there is no available money for individuals to make ends...
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Jun 22, 2013
06/13
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economy can stand on its own. that means the u.s. economy is healing. but then you have nagging concerns about the rest of the world. a recession in europe, china's growth appears to be slowing. the global worries are one reason why stock investors are so concerned about a pull-back from the fed right now. >> this is a classic case of heads you win, tails i lose. it doesn't matter what bernanke would have said, the markets are ready to fall out of bed. it's per ververse, it's obscure it's childish, it's all those things. but here's the reason. because investors have gone for exotic emerging markets with very narrow exits. of course, when things start to change, they all head for the door at the same time. you're absolutely right. the mere fact that he will be taking his foot off the gas is because the car is going fast enough on its own. so you have to put it into context. do i think we should be concerned? the hiccup, bucolic plague of the last week. absolutely not. the market knew it was coming and they're just having a nasty bout of indigestioindiges
economy can stand on its own. that means the u.s. economy is healing. but then you have nagging concerns about the rest of the world. a recession in europe, china's growth appears to be slowing. the global worries are one reason why stock investors are so concerned about a pull-back from the fed right now. >> this is a classic case of heads you win, tails i lose. it doesn't matter what bernanke would have said, the markets are ready to fall out of bed. it's per ververse, it's obscure it's...
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Nov 25, 2017
11/17
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when we say the economy, i don't mean asking americans how's the economy doing? because that's a big question. it's harder to wrap our heads around. but if you ask the american economy, are your finances looking up or down? i think that will matter. right now if you look at what president trump is doing, whether, for example, the other day when he suggested that americans should vote for a child molester because he would like to cut taxes for corporations and his own family, americans are going to think about that as well. that's going to matter too. the economy will be part of it, but not the only part. >> react to my question, scott, as to whether carvelle's words are now passe? >> i think they're still valid, but there's a timing issue. so, the first year that everybody gets to say, well, it was really the last president. by the fourth year, it gets harder and harder to say that. if things are still popping at the end, i think you'll see the president's approval go up a little. but there really is a cap in this place, because people are talking about it. the e
when we say the economy, i don't mean asking americans how's the economy doing? because that's a big question. it's harder to wrap our heads around. but if you ask the american economy, are your finances looking up or down? i think that will matter. right now if you look at what president trump is doing, whether, for example, the other day when he suggested that americans should vote for a child molester because he would like to cut taxes for corporations and his own family, americans are going...
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May 4, 2013
05/13
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economy. >> i wish we could have every month like february but i know we can't. austan and mohamed, nice to see both of you. have a night weekend. >> thank you. >>> out of the chateaus but not exactly into the light a growing number of americans are working off the books, but not at a job you'd think. we'll reveal this shadow economy next. [ dylan ] this is one way to keep your underwear clean. this is another! ta-daa! try charmin ultra strong. it cleans so well and you can use up to four times less than the leading value brand. and it's four times stronger. charmin ultra strong. >>> with the 165,000 jobs added in april don't count is the growing number of americans working in the so-called shadow economy, nannies, construction workers, retail clerks and other unskilled labor often work for cash under the table and don't report their income to uncle sam. today's shadow economy has become much more than those provisions. ashley joyce has more. good morning. >> these are people with college degr
economy. >> i wish we could have every month like february but i know we can't. austan and mohamed, nice to see both of you. have a night weekend. >> thank you. >>> out of the chateaus but not exactly into the light a growing number of americans are working off the books, but not at a job you'd think. we'll reveal this shadow economy next. [ dylan ] this is one way to keep your underwear clean. this is another! ta-daa! try charmin ultra strong. it cleans so well and you can...
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Aug 24, 2015
08/15
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economy? what does this say about the u.s. economy? and what we're talking about there is really fundamentals and the u.s. they're pretty strong. we have to put it into perspective. we had 200,000 job gains over the last three months. that's good. we have strong housing. that's good. the optimists in this market would say, look, the u.s. is the best of the bad lot. the rest of the world there are concerns. and the u.s. is holding steady. at least when it comes to the fundamentals. as we know, sometimes oftentimes the markets are really disconnected from the fundamentals. if people will be asking what do companies do in this environment? ceos get nervous and start to question their business models and question whether or not their sales will drop overseas because we have a global potential global economic slow down on our hands. with the many companies that have major sales overseas, you know, could we see job cuts? could we see a slow down in the u.s. economy? all of that plays into it here. >
economy? what does this say about the u.s. economy? and what we're talking about there is really fundamentals and the u.s. they're pretty strong. we have to put it into perspective. we had 200,000 job gains over the last three months. that's good. we have strong housing. that's good. the optimists in this market would say, look, the u.s. is the best of the bad lot. the rest of the world there are concerns. and the u.s. is holding steady. at least when it comes to the fundamentals. as we know,...
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Aug 5, 2012
08/12
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in this economy. that -- and they say that the economy is in a desperate state. so therefore, you cannot take away the tax cuts for people at the top end of the scale. do you agree with the characterization that it would be reckless to remove those tax cuts? >> the great majority of small businesses pay taxes at the individual rate. so it raises these taxes, quote, on the wealthy, he's raising taxes on small business. that kills jobs. if your priority in this country is to punish success, vote for president obama. if your priority is to create more success and more jobs, vote for me. look, i know the very wealthy are going to do just fine, whoever is elected. the middle class is the people -- that's the group of people that i'm most concerned about. they need our help. and the poor. they need our help. they need our help with good jobs. that's going to only come if we encourage this economy by keeping the burdens on small business down. >> well, but the president said if the republicans in congress had gone along with passed his jobs bill, that there would be mor
in this economy. that -- and they say that the economy is in a desperate state. so therefore, you cannot take away the tax cuts for people at the top end of the scale. do you agree with the characterization that it would be reckless to remove those tax cuts? >> the great majority of small businesses pay taxes at the individual rate. so it raises these taxes, quote, on the wealthy, he's raising taxes on small business. that kills jobs. if your priority in this country is to punish success,...
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Aug 1, 2011
08/11
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both would decrease the amount of demand in the economy. to say taxes would hurt the economy is kind of code for cutting spending's okay but taxes are not? that's simply not true. in fact, raising taxes may be less deleterious than cutting spending. economic theory says so. >> so ali, lo do we believe? has it been talking points? is he right? >> he's a conservative. i mean this conversation about how cutting taxes is deleterious to the economy, peter morici himself said that, the memphis tea party agreed with the same thing. if you spend too much, you either cut how much you spend or you increase taxes. it's all money. it's all the same thing. but when you cut spending, what you do is you cut money that generally goes to people who have less money so when they have that money they spent all of it and more on the economy. when you deal with taxes, when you cut taxes, you're taking it away from a portion of the population. you're taking money away from a portion of the population that doesn't spend every last dollar they have which is why the
both would decrease the amount of demand in the economy. to say taxes would hurt the economy is kind of code for cutting spending's okay but taxes are not? that's simply not true. in fact, raising taxes may be less deleterious than cutting spending. economic theory says so. >> so ali, lo do we believe? has it been talking points? is he right? >> he's a conservative. i mean this conversation about how cutting taxes is deleterious to the economy, peter morici himself said that, the...
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Jun 12, 2011
06/11
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economy with government spending and the economy is still really flimsy. this has been an anemic recovery. i think the case the republicans are going to make next week as this presidential campaign rolls on is that we need to get back to the kind of reagan formula. and i think this is a very good analogy. the last time we had a horrible, horrible recession like we do right now was in the early 1980s. reagan didn't flood the economy with money, he actually slammed the brakes on the money supply, got inflation down and we did tax cuts. and by the way, ali, over the next 20 years, we created about 35 million jobs. we know how to create jobs in this economy, and by the way, we did that even as employers got much more productive in terms of their producing of goods. >> john? >> well, ali, look at the reality of it. you're having a great debate between bob and steve about whether you should cut spending. it's not going to happen. the president has said let's cut spending on research, let's look at the house majority who says cut spending, cut spending, cut spend
economy with government spending and the economy is still really flimsy. this has been an anemic recovery. i think the case the republicans are going to make next week as this presidential campaign rolls on is that we need to get back to the kind of reagan formula. and i think this is a very good analogy. the last time we had a horrible, horrible recession like we do right now was in the early 1980s. reagan didn't flood the economy with money, he actually slammed the brakes on the money supply,...
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Jul 21, 2013
07/13
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it's not the economy that americans dreamed should be their economy. it's not this world of endless prosperity opening up like a funnel going forward and that sense of limitations i think is a cultural issue. we need to separate the cultural issue which is we don't have the economy we had 30 years ago with the structural issue. we have a very stable system that has lots of flaws and problems but is certainly not going to implode, is likely to modestly expand and should at least give us the space to deal with all these issues of health care and immigration reform and wealth inequalities. >> and the american private sector is extraordinarily resilient. it manages to adjust its balance sheet, it sheds jobs when it needs to, it adjusts. >> it does. you know, if you stripped out the government and the public sector, you would be closer to a 3% economy right now. the private sector numbers have been great. last monday's job numbers were really stellar. i think it's a bifurcated recovery. there are jobs at the top and a lot at the bottom. eight of the ten fas
it's not the economy that americans dreamed should be their economy. it's not this world of endless prosperity opening up like a funnel going forward and that sense of limitations i think is a cultural issue. we need to separate the cultural issue which is we don't have the economy we had 30 years ago with the structural issue. we have a very stable system that has lots of flaws and problems but is certainly not going to implode, is likely to modestly expand and should at least give us the...
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May 10, 2014
05/14
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the economy? >> i think the economy is better than we think. we're a bit shell shocked. it has stabilized. europe doesn't look like it's falling apart. the government looks like it isn't going to shut down the economy. we're seeing unemployment come down, and some people, though long-term unemployed are coming back. this thing just doesn't go away overnight when you're xpeevs experienced what we have? >> start investing and hiring again would be great. >> i hope so. >> ken, good to see yyou. >>> what's the price of being cool? what apple is paying for beats, headphone and music streaming service started by rapper dr. dre and music's mogul jimmy iovene. this video appeared on facebook. >> billionaire boyz club for real, homey. huh? physic fix your face. fix your face. oh, the [ bleep ] forbes list just changed. >> tyrese gibson. don't forget about dre. despite beatz popularity, dissing the deal saying it doesn't make sense with apple. then again, polaroid didn't evolve from the camara and sony not from the walkman. the company bought 24 companies in the past 18 months. re
the economy? >> i think the economy is better than we think. we're a bit shell shocked. it has stabilized. europe doesn't look like it's falling apart. the government looks like it isn't going to shut down the economy. we're seeing unemployment come down, and some people, though long-term unemployed are coming back. this thing just doesn't go away overnight when you're xpeevs experienced what we have? >> start investing and hiring again would be great. >> i hope so. >>...
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May 4, 2013
05/13
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is that going to be significant for the economy? >> i think it takes some of the stress out, because you're creating more disposable spending. you're reducing the probability of foreclosures. the refinance world is sort of this unseen -- everybody's looking at sales. but credit is still very tight. so you've got to bring more people to be able to reduce the stress of their payments. >> banks want about a 750 score. most americans have below 700. think about that. >> this is true. >>> coming up, billionaire warren buffett joins twitter. we'll show you what tweets from an oracle look like, next. >>> so we've been hearing a lot about women in tech, like facebook's sheryl sandberg, yahoo!'s marisa meyer and how they're shaking up the workplace. now warren buffett is joining this conversation. i want to bring in patty sellers. she's a senior editor at large with fortune. patty joins me now from omaha, the site of berkshire hathaway's annual meeting. nice to see you. you sat down with buffett and you asked him why women make him more opti
is that going to be significant for the economy? >> i think it takes some of the stress out, because you're creating more disposable spending. you're reducing the probability of foreclosures. the refinance world is sort of this unseen -- everybody's looking at sales. but credit is still very tight. so you've got to bring more people to be able to reduce the stress of their payments. >> banks want about a 750 score. most americans have below 700. think about that. >> this is...
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528
Apr 7, 2012
04/12
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that's the huge economy slowing down. the big picture is that there's still a lot of debt, household debt, other debt in the economy that's going to take a long time to come down. there are a lot of areas where wages are still too high. stephen said the fed has put the economy on crack cocaine, too easy, monetary policy. i don't want to say ben bernanke should be passing out candy in the schoolyard but i think a bit more inflation is what we need, that it's not that they have been too bold, they have been too timid. >> very interesting. diane, let's talk about what people think is the big threat. recent cnn research corporation poll found 78% of americans said rising gas prices caused them financial hardship. forget recovery. is there a tipping point for gas prices? is it $4.50, $5 a gallon where americans really cut back on spending and send the economy reeling because they are spending more on gas money they would have been spending at restaurants or making purchases. >> actually i think that gets into the issues we tal
that's the huge economy slowing down. the big picture is that there's still a lot of debt, household debt, other debt in the economy that's going to take a long time to come down. there are a lot of areas where wages are still too high. stephen said the fed has put the economy on crack cocaine, too easy, monetary policy. i don't want to say ben bernanke should be passing out candy in the schoolyard but i think a bit more inflation is what we need, that it's not that they have been too bold,...
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Aug 26, 2012
08/12
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the economy is not in good shape. what would have made sense was for mitt romney and paul ryan to focus like lasers on jobs and the economy. but they've allowed the conversation to shift off to these other rounds, whether it's medicare, abortion, what's happening, how women are being treated. so i think that that overall is a net loss for the republican ticket. >> i don't hear honesty from them about what the options are here. the options are, you know, things could be tough for next year. you go off a fiscal cliff, things are going to be very, very tough. i hear them talking about how they're the man to fix it, but i don't hear anybody saying exactly how critical this moment is for the economy. i guess you can't win saying it's going to be bad if you elect me. really bad if you elect him. >> that's right. i think you're right, christine. there's no big political advantage to explain the dire consequences to the situation. both from a debt and deficit perspective and from an economic perspective. there is no big win.
the economy is not in good shape. what would have made sense was for mitt romney and paul ryan to focus like lasers on jobs and the economy. but they've allowed the conversation to shift off to these other rounds, whether it's medicare, abortion, what's happening, how women are being treated. so i think that that overall is a net loss for the republican ticket. >> i don't hear honesty from them about what the options are here. the options are, you know, things could be tough for next...